40,100 Shares in Core Scientific, Inc. $CORZ Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC acquired a new stake in shares of Core Scientific, Inc. (NASDAQ:CORZ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,100 shares of the company’s stock, valued at approximately $584,000.

A number of other large investors have also modified their holdings of CORZ. Xponance Inc. boosted its holdings in Core Scientific by 2.7% during the third quarter. Xponance Inc. now owns 22,334 shares of the company’s stock valued at $401,000 after purchasing an additional 595 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Core Scientific by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 21,029 shares of the company’s stock worth $377,000 after buying an additional 711 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Core Scientific by 5.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 15,539 shares of the company’s stock worth $279,000 after buying an additional 766 shares during the period. HHM Wealth Advisors LLC lifted its position in shares of Core Scientific by 96.5% during the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock worth $33,000 after buying an additional 946 shares during the period. Finally, Allworth Financial LP boosted its stake in Core Scientific by 206.5% in the 3rd quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock valued at $25,000 after buying an additional 950 shares in the last quarter.

Analysts Set New Price Targets

CORZ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of Core Scientific from $19.00 to $25.00 and gave the company a “moderate buy” rating in a research note on Tuesday, January 27th. Needham & Company LLC raised shares of Core Scientific from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Core Scientific to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Core Scientific in a research note on Wednesday, January 21st. Finally, BTIG Research raised shares of Core Scientific from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Core Scientific currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.84.

Core Scientific Trading Up 0.8%

Shares of NASDAQ CORZ opened at $16.48 on Friday. Core Scientific, Inc. has a 1 year low of $6.20 and a 1 year high of $23.63. The firm’s 50-day moving average is $17.37 and its 200-day moving average is $17.09. The firm has a market capitalization of $5.20 billion, a PE ratio of 14.09 and a beta of 6.87.

Core Scientific (NASDAQ:CORZ) last released its earnings results on Monday, March 2nd. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.69. The business had revenue of $79.76 million for the quarter, compared to analyst estimates of $118.45 million. Core Scientific’s revenue was down 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.69) EPS. As a group, equities research analysts anticipate that Core Scientific, Inc. will post 0.52 earnings per share for the current fiscal year.

Core Scientific Profile

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.